Rivian's Electric Vans Now Available to All Businesses, Not Just Amazon
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (RIVN) has announced that its electric delivery vans will now be available for businesses other than Amazon.com Inc (AMZN). The amendment to the Amazon agreement allows Rivian to sell commercial vans to other customers. Amazon, which ordered 100,000 EDVs from Rivian in 2019, currently has over 10,000 Rivian-made vans on the road. However, Rivian expects Amazon to take fewer deliveries in Q4 due to the holiday period. Rivian is also in active discussions with other potential fleet customers.
November 08, 2023 | 5:25 am
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POSITIVE IMPACT
Rivian's decision to sell its electric delivery vans to businesses other than Amazon could potentially increase its customer base and revenues. However, the expected decrease in deliveries to Amazon in Q4 could impact short-term revenues.
Rivian's decision to sell its electric delivery vans to businesses other than Amazon opens up a new market for the company, potentially increasing its customer base and revenues. However, the expected decrease in deliveries to Amazon in Q4 could impact short-term revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon's decision to limit the intake of new commercial vans during its peak holiday delivery period could impact Rivian's short-term revenues. However, Amazon's continued use of Rivian's vans for its deliveries demonstrates a strong partnership between the two companies.
Amazon's decision to limit the intake of new commercial vans during its peak holiday delivery period could impact Rivian's short-term revenues. However, Amazon's continued use of Rivian's vans for its deliveries demonstrates a strong partnership between the two companies.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80